IRIS Accounts Production v20.3.4.1 05173763 director 1.4.19 31.3.20 31.3.20 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 05173763 2019-03-31 05173763 2020-03-31 05173763 2019-04-01 2020-03-31 05173763 2018-03-31 05173763 2018-04-01 2019-03-31 05173763 2019-03-31 05173763 ns16:EnglandWales 2019-04-01 2020-03-31 05173763 ns15:PoundSterling 2019-04-01 2020-03-31 05173763 ns11:Director1 2019-04-01 2020-03-31 05173763 ns11:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 05173763 ns11:SmallEntities 2019-04-01 2020-03-31 05173763 ns11:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 05173763 ns11:SmallCompaniesRegimeForDirectorsReport 2019-04-01 2020-03-31 05173763 ns11:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 05173763 ns11:FullAccounts 2019-04-01 2020-03-31 05173763 ns11:RegisteredOffice 2019-04-01 2020-03-31 05173763 ns6:CurrentFinancialInstruments 2020-03-31 05173763 ns6:CurrentFinancialInstruments 2019-03-31 05173763 ns6:ShareCapital 2020-03-31 05173763 ns6:ShareCapital 2019-03-31 05173763 ns6:RetainedEarningsAccumulatedLosses 2020-03-31 05173763 ns6:RetainedEarningsAccumulatedLosses 2019-03-31 05173763 ns6:PlantMachinery 2019-04-01 2020-03-31 05173763 ns6:ComputerEquipment 2019-04-01 2020-03-31 05173763 ns6:PlantMachinery 2019-03-31 05173763 ns6:ComputerEquipment 2019-03-31 05173763 ns6:PlantMachinery 2020-03-31 05173763 ns6:ComputerEquipment 2020-03-31 05173763 ns6:PlantMachinery 2019-03-31 05173763 ns6:ComputerEquipment 2019-03-31 05173763 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2020-03-31 05173763 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2019-03-31
REGISTERED NUMBER: 05173763 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2020

for

Oast One Limited

Oast One Limited (Registered number: 05173763)

Contents of the Financial Statements
for the Year Ended 31 March 2020










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Oast One Limited

Company Information
for the Year Ended 31 March 2020







DIRECTOR: J L D Marett





REGISTERED OFFICE: 20 Victoria Road
Cirencester
Gloucestershire
GL7 1ES





REGISTERED NUMBER: 05173763 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
Chartered Accountants
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Oast One Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oast One Limited for the year ended 31 March 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Oast One Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oast One Limited and state those matters that we have agreed to state to the director of Oast One Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oast One Limited and its director for our work or for this report.

It is your duty to ensure that Oast One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oast One Limited. You consider that Oast One Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oast One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited
Chartered Accountants


Date: .............................................

Oast One Limited (Registered number: 05173763)

Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,911 714

CURRENT ASSETS
Debtors 5 25,076 7,642
Cash at bank 26,956 29,484
52,032 37,126
CREDITORS
Amounts falling due within one year 6 16,384 15,124
NET CURRENT ASSETS 35,648 22,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,559

22,716

PROVISIONS FOR LIABILITIES 363 136
NET ASSETS 37,196 22,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,096 22,480
37,196 22,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Oast One Limited (Registered number: 05173763)

Balance Sheet - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2020 and were signed by:





J L D Marett - Director


Oast One Limited (Registered number: 05173763)

Notes to the Financial Statements
for the Year Ended 31 March 2020


1. STATUTORY INFORMATION

Oast One Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Oast One Limited (Registered number: 05173763)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2019 - 10,424 10,424
Additions 1,090 875 1,965
Disposals - (603 ) (603 )
At 31 March 2020 1,090 10,696 11,786
DEPRECIATION
At 1 April 2019 - 9,710 9,710
Charge for year 273 479 752
Eliminated on disposal - (587 ) (587 )
At 31 March 2020 273 9,602 9,875
NET BOOK VALUE
At 31 March 2020 817 1,094 1,911
At 31 March 2019 - 714 714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 16,214 1,342
Other debtors 8,862 6,300
25,076 7,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 440 624
Taxation and social security 14,018 12,805
Other creditors 1,926 1,695
16,384 15,124